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Dear professor:
In section A, The questions ask us to check completeness and existence, I always do wrong in these questions, could you tell me how to get it correct?
For example, if I trace sth back to sales ledger, or review the previous year-end receivables and identify differences, which kind to assertion do these two activities belong to?Thank you so much
AnnikaI assume you have read the OpenTuition notes regarding assertions – if not please read Chapter 16 (it’s only short) to make sure you understand what is meant be these terms.
See my response on this post concerning the assertions of completeness and existence https://opentuition.com/topic/audit-procedure-audit-responses-substantive-procedure-etc/
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